The PMBOK Refresher

Understanding How Project Management Adds Business Value

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  1. To optimize project value, project management collectively aligns project elements to what?
    • Project objectives.
  2. To optimize project value, name seven project elements that are managed collectively.
    1. All project objectives.
    2. All project dependencies.
    3. All project costs.
    4. All project schedule time-lines.
    5. All project benefits.
    6. All project resources.
    7. The reduction of all project risks.
  3. How may project management optimize those seven elements?
    1. By aligning each element with project objects.
    2. By optimizing the relationships between project elements.
  4. Name three benefits provided by the project overall view.
    1. An overall view of how strategic goals are reflected by the project.
    2. An overall view of how to implement appropriate governance of the project.
    3. An overall view of how to allocate resources in the project.